$UMA has experienced a downward trend of -4.17% in the last 24 hours.
The price fluctuated between a high of 1.226 and a low of 1.135.
Currently, it’s testing strong support at 1.135 and resistance at 1.226.
Sentiment among traders appears uncertain, reflecting a wait-and-see approach.
With an RSI of 30.62, UMA is entering oversold territory, often indicating potential reversal points.
A bounce off support may signal a recovery, while a drop could target lower support levels.
Market observers should watch for any news impacting broader sentiment or adoption, as it may influence UMA's direction.
